- Scott Galloway describes his early investment banking job at Morgan Stanley as miserable and a poor personal fit, yet foundational to his later success.
- He argues that early careers should be used to “workshop” different roles to discover strengths, rather than chasing passion or prestige.
- Banking taught him attention to detail, endurance under pressure, and how big organizations operate, skills he later leveraged as an entrepreneur and media figure.
- He cautions young professionals to weigh the learning and credential value of elite but stressful roles against risks to mental health, values alignment, and long-term fit.
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Scott Galloway’s own narrative of his time in investment banking provides a rare and candid insight into how careers that are widely idolized may be simultaneously deeply misaligned with individual talents and personality—and yet nonetheless formative.
From multiple interviews and podcast transcripts, Galloway admits that his first role out of college—an analyst at Morgan Stanley—was not just uncomfortable but actively distressing. He says, “I hated investment banking and I was no good at it.” [2] That job environment involved processing long documents, rigorous technical precision (like getting interest cost calculations in prospectuses absolutely correct), and constant pressure. When he says “they hated me, I hated them,” it’s not hyperbole—it points to a profound mismatch between role and natural fit. [6]
Yet, Galloway positions this early struggle as not only necessary but beneficial. Investment banking taught him attention to detail, perseverance, how to operate under harsh expectations, how large organizations function—and what they demand. [2][1] These skills underpinned his later ventures: founding a branding strategy firm (later sold for about $33 million), succeeding as an entrepreneur, investor, academic, and media personality. He sees early career discomfort as a speed-learning period that can clarify both what kind of work suits you, and what you should avoid. [2][6]
He strongly rejects “follow your passion” as flawed advice. Instead, Galloway argues for finding what you’re good at—integrating competency, market demand, and personal strengths. That reframing helps protect from prolonged frustration and wasted effort. [6] For him, realizing you’re not well-suited to investment banking was part of aligning with the right path.
Strategic implications for young professionals and potentially for firms recruiting young talent are manifold:
- Talent development through discomfort. Positions in elite finance firms can accelerate learning—if people can survive the stress and maintain self-awareness.
- Self-assessment and feedback loops matter. Recognizing when you’re underperforming or mismatched is not shameful—it can be liberating and redirect you to better paths.
- Early career decisions have long tails. While investment banking roles pay well and confer prestige, they also exact emotional tolls. Someone may accumulate credentials but suffer burnout if values and environment clash.
- Credential and platform effects. Working at a well-known firm (Morgan Stanley, etc.) confers trust and opens doors—even if you move out of banking.
Open questions that emerge include how to balance the trade-off between value derived from challenging roles and risk to mental health or personal values. Also: how much of Galloway’s view is applicable universally, versus being shaped by his personality (e.g. sensitivity to hierarchy, insecurity)? How do differences in background (e.g. socioeconomic status, networks, identity) affect who benefits or suffers in such roles? Moreover, for younger professionals in a changing job market—where firms may impose more remote work, demand different skills, etc.—does banking still provide the same return on investment in training and options?
Supporting Notes
- Galloway recounts that after college he got a job at Morgan Stanley, “hated it,” and later admitted he “was no good at it.” [2][6]
- He describes early work involving intense review of prospectuses, reading them “frontwards and backwards,” and that a single calculation error could cost your job. [2]
- Despite dislike, he acknowledges that I-banking taught him attention to detail, suffering discomfort, and how large organizations work. [2][6]
- He contrasts “following passion” advice with focusing on strengths and market demand, saying that recognizing what you’re not good at is as important as knowing what you are good at. [6]
- Galloway built subsequent ventures: a brand strategy firm called Profit, teaching, hedge funds, analytics; he sold the firm for roughly $33 million. [2]
- He cites value in early jobs even if short-lived or painful, as they yield transferable skills—writing proposals, reading rooms, presentation, proposal drafting, etc.[6]
- He reflects that in his “20s are for workshopping different careers,” exploring what he liked and what built his competence rather than seeking fulfillment or “passion.” [6]
Sources
- [1] jordanharbinger.com (Jordan Harbinger) — 2024/2025
- [2] profgalloway.com (Prof G / Scott Galloway) — 2025
- [6] profgalloway.com (Prof G / Scott Galloway) — 2025